NOT LISTED FOR SALE

508 Ashman St Midland, MI 48640

Estimated Value: $149,000 - $181,000

3 Beds
2 Baths
1,500 Sq Ft
$111/Sq Ft Est. Value

Last Sold March 16, 2022

Last sale price $136,000 $91 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,209/month

56 Days on Market

Highlights

  • 1 Car Garage
  • Northeast Middle School Rated A-
  • 3-minute walk to Midland County Parks & Rec

About This Home

As of March 2022

Income opportunity! This two unit rental was recently updated in 2021. New dishwashers in both units, new range in upper unit, new carpet and flooring in upper unit and new carpet in first floor unit. Convenient and easy access to everything downtown Midland has to offer, whether you want to walk to work, restaurants or a Loons game this location is awesome! It is made up of a 2 bedroom unit with 1 bath and a lot of extra space, and a very nice 1 bedroom and 1 bathroom. None are occupied. Agent is related to seller.

Last Agent to Sell the Property

Nathan Rapanos

Century 21 Signature Realty Midland License #MBR-6501430446 Listed on: 12/10/2021

Century 21 Signature Realty Midland

Last Buyer's Agent

Josh Burch

Ayre Rhinehart Real Estate Partners License #MBR-6501370969

Ayre Rhinehart Real Estate Partners

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1918

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 60x120

Parking

  • 1 Car Garage

Interior Spaces

  • 1.5-Story Property
  • Basement

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Community Details

  • 2 Units
  • City Of Midland Subdivision

Listing and Financial Details

  • Assessor Parcel Number 14-16-50-404

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,641

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Originating MLS: Midland Board of REALTORS
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 1 1/2 Story
  • Total Tax Amount: 2877.14
  • Year Built: 1918
  • Mail City: Midland
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator
  • Basement: Yes
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Estimated Sq Ft: 1500

Exterior Features

  • Frontage: 60
  • Foundation Type: Basement

Garage/Parking

  • Garage Spaces: 1
  • Parking: Garage

Utilities

  • Water: Public Water
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 14-16-50-404
  • Lot Dimensions: 60x120
  • Acreage: 0.17
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2021, Amount: $2,000.37
  • Winter Tax: Year: 2021, Amount: $876.77
  • Total Tax: Amount: $2,877.14

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Midland Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 10, 2021
Closed on
Mar 16, 2022
Sold by
Michael Bieker
Bought by
Bieker Michael and Bieker Allizon
Seller's Agent
Nathan Rapanos
Century 21 Signature Realty Midland
Buyer's Agent
Josh Burch
Ayre Rhinehart Real Estate Partners
List Price
$179,900
Sold Price
$136,000
Premium/Discount to List
-$43,900
-24.4%
Current Estimated Value
$166,318

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,318
Avg. Annual Appreciation
7.12%
Original Mortgage
$102,000
Outstanding Balance
$95,254
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$77,075

Purchase Details

Listed on
Mar 15, 2021
Closed on
Apr 20, 2021
Sold by
Haddad Robert J
Bought by
Dgr Property Management Llc
Seller's Agent
Tyler Snyder
Ayre Rhinehart Real Estate Partners
Buyer's Agent
Matthew Rapanos
Ayre Rhinehart Real Estate Partners
List Price
$105,000
Sold Price
$105,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.30%
Original Mortgage
$120,000
Interest Rate
3.05%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 25, 2008
Sold by
Hickman Rentals Llc
Bought by
Rrl Leaf Inc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bieker Michael -- None Listed On Document
Bieker Michael $136,000 Crossroads Title
Dgr Property Management Llc $105,000 None Available
Dgr Property Management Llc $105,000 None Listed On Document
Rrl Leaf Inc $304,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bieker Michael $102,000
Previous Owner Dgr Property Management Llc $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2022 03/16/22 Sold $136,000 -20.0% $91 / Sq Ft
02/04/2022 02/04/22 Pending -- -- --
12/28/2021 12/28/21 Price Changed $169,900 -2.9% $113 / Sq Ft
12/13/2021 12/13/21 Price Changed $174,900 -2.8% $117 / Sq Ft
12/10/2021 12/10/21 For Sale $179,900 +71.3% $120 / Sq Ft
04/20/2021 04/20/21 Sold $105,000 0.0% $51 / Sq Ft
03/15/2021 03/15/21 Pending -- -- --
03/15/2021 03/15/21 For Sale $105,000 -- $51 / Sq Ft
Source: Midland Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,641 $81,000 $0 $0
2024 $2,524 $70,100 $0 $0
2023 $1,877 $59,300 $0 $0
2022 $2,297 $56,300 $0 $0
2021 $2,877 $50,200 $0 $0
2020 $2,847 $49,000 $0 $0
2019 $2,777 $48,800 $12,500 $36,300
2018 $2,702 $54,300 $12,500 $41,800
2017 $0 $47,400 $12,500 $34,900
2016 $2,603 $48,000 $14,400 $33,600
2012 -- $46,700 $14,400 $32,300
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2022

    Nathan Rapanos

    Century 21 Signature Realty Midland

    (989) 941-7997

    20 in this area

    22 Total Sales

    Nathan Rapanos
    Section Image

  • J

    Buyer's Agent in 2022

    Josh Burch

    Ayre Rhinehart Realtors

    (989) 631-7000

    35 in this area

    56 Total Sales

    Josh Burch
    Section Image
  • Tyler Snyder

    Seller's Agent in 2021

    Tyler Snyder

    Ayre Rhinehart Realtors

    (989) 205-5781

    74 in this area

    116 Total Sales

    Tyler Snyder
    Section Image
  • Matthew Rapanos

    Buyer's Agent in 2021

    Matthew Rapanos

    Ayre Rhinehart Realtors

    (989) 205-0067

    101 in this area

    150 Total Sales

    Matthew Rapanos
    Section Image
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Map

Source: Midland Board of REALTORS®

MLS Number: 50062451

Midland Board of REALTORS®

APN: 14-16-50-404

Michigan Midland County Midland 48640

508 Ashman St, Midland, MI

This home is located at 508 Ashman St, Midland, MI 48640 since 10 December 2021 and is currently estimated at $166,318, approximately $110 per square foot. This property was built in 1918. 508 Ashman St is a home located in Midland County with nearby schools including Northeast Middle School, Midland High School, and St. John's Lutheran School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midland Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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